Ocado Group PLC’s Sell Rating Reaffirmed at Shore Capital (OCDO)
Ocado Group PLC (LON:OCDO) opened at 354.70 on Tuesday. Ocado Group PLC has a 52-week low of GBX 270.90 and a 52-week high of GBX 623.50. The stock has a 50-day moving average of GBX 353.1 and a 200-day moving average of GBX 440.1. The company’s market cap is £2.066 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd upgraded shares of Ocado Group PLC to a “buy” rating in a research note on Tuesday. They now have a GBX 500 ($8.52) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Ocado Group PLC in a research note on Tuesday, June 24th. They now have a GBX 350 ($5.96) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Ocado Group PLC from GBX 275 ($4.68) to GBX 330 ($5.62) in a research note on Tuesday, June 24th. They now have a “hold” rating on the stock. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Ocado Group PLC currently has an average rating of “Hold” and a consensus price target of GBX 404.44 ($6.89).
Ocado Group plc is a United Kingdom-based holding company. The Company’s principal activities are the retailing, logistics and distribution of grocery and consumer goods and the development and monetisation of intellectual property and technology for the online retailing, logistics and distribution of these goods.
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